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Identity Theft Down in 2006

Javelin Strategy & Research has released their third annual report on identity theft and the results show a decline in identity theft in 2006.

The findings show Americans lost around $49.3 billion last year. This represents an 11.5 percent decline over 2005. The average theft also fell 9 percent from $6,278 in 2005 to $5,720 in 2006.

Javelin attributes the decline to increased vigilance by consumers about this crime and how to prevent it.

Government Finally Tries to Save Money

The Massachusetts Department of Public Safety had piles of old bounced checks that needed to be destroyed. Instead of using a secure shredding company to do the job, they tried to save a buck and call the free labor force.

The checks were given to a group of prisoners at the Boston Pre-Release Center. An officer at the center thought the assignment was wrongheaded, but did nothing to stop it. Finally, the superintendent of the center became aware of the work and stopped the shredding.

It appears that identity theft is not the public safety that the Department of Public Safety is concerned about.

The Increased Cost of Security Breaches

Patricia Keefe of Information Week has an interesting article about the increased pressure on business leaders and IT departments to solve data breach problems. Consider the uproar over the TJX data breach that is likely to result in legislative action in addition to public outrage and lawsuits from credit card companies and banks.

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